Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Most Trending
Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Most Trending
Most Trending
2022, was not easy for NIO, the Chinese electric vehicle (EV) manufacturer that specializes in designing and developing premium EVs. NIO stock has been hit hard since 2022 due to supply chain issues, with its price declining around 60% over the past six months. It is trading around $9 at the time of writing, an attractive entry point for investors. This could be a good entry point, for this EV player.
Whether you like it or not, countries are taking significant steps to ensure the efficient adoption and penetration of EVs. Besides government policies and subsidies, increased consumer interest continues to power the valuations of top EV stocks. The International Energy Agency expects the number of electric vehicles to hit 145 million by 2030.
The one reason to bet on Nio is that it is not an early-stage EV maker. The company already has a presence across the global market, delivering 20,663 cars in 2023 alone. Additionally, the company is on track to meet its quarterly delivery numbers.
Nio will launch new models this year, and continue to develop its mass market product, which could bring impressive revenue numbers. If you are looking for a long-term EV stock to hold, NIO stock is a no-brainer.
Nio Inc. is "very confident" of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong.
"We are very confident to achieve our sales target in 2023," Feng said in an interview with Bloomberg Television on Wednesday. That will be achieved with new models, expanding the company’s charging and battery-swapping network, and unlocking autonomous driving technologies, he said.
The company sold 122,486 cars in 2022, up 34% from a year earlier after introducing a new sport utility vehicle and two sedans. Still, that growth missed the company’s original goal because sales were hampered by China’s Covid restrictions, which have now been abolished.
With Governments around the world trying to meet their energy and climate goals, we will see a continued rise in demand for this sector. Thus, over the next few decades, there could be more EVs on the road than fuel-driven cars.
With this in mind, it makes sense to invest in promising EV stocks that could give solid competition to the EV maker Tesla (NASDAQ:TSLA). While Tesla continues to dominate the EV market, TSLA stock is highly-priced and could face downside, as massive competition from new players emerges.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
Get all the pieces of the puzzle on important data activity before the major news sources break the story and find out what happening right now and what could happen in the future
FIND US ON
Receive our Daily Alerts
Enter your email to receive daily alerts
Leading Gainers
Upgrades
Downgrades
Top Leaders
Ipo's
Dividend
Option Activity
Insiders Activity
Institutional Holdings
New Products
FDA Approvals
Agreements
Financial Reports
Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
FIND US ON
Receive our Daily Alerts
Enter your email to receive daily alerts
Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
